Barrington Research Reaffirms "Outperform" Rating for QuinStreet (NASDAQ:QNST)

Barrington Research reissued their outperform rating on shares of QuinStreet (NASDAQ:QNST - Free Report) in a research note issued to investors on Friday,Benzinga reports. Barrington Research currently has a $29.00 target price on the technology company's stock.

A number of other brokerages have also recently issued reports on QNST. Craig Hallum upped their target price on QuinStreet from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Lake Street Capital lifted their target price on shares of QuinStreet from $20.00 to $25.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. StockNews.com raised QuinStreet from a "sell" rating to a "hold" rating in a research report on Monday, December 2nd. B. Riley lifted their price objective on QuinStreet from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Stephens increased their target price on QuinStreet from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

QuinStreet Stock Performance

QNST traded down $0.05 on Friday, reaching $22.14. 327,922 shares of the company's stock were exchanged, compared to its average volume of 433,964. QuinStreet has a twelve month low of $11.22 and a twelve month high of $26.27. The company's 50 day moving average is $20.62 and its 200-day moving average is $18.78. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -55.35 and a beta of 1.07.

QuinStreet (NASDAQ:QNST - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The business had revenue of $279.22 million during the quarter, compared to analysts' expectations of $222.68 million. QuinStreet had a negative return on equity of 8.79% and a negative net margin of 2.88%. The firm's quarterly revenue was up 125.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. Sell-side analysts forecast that QuinStreet will post 0.15 EPS for the current year.

Insider Activity

In related news, Director Matthew Glickman sold 30,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.63, for a total transaction of $678,900.00. Following the transaction, the director now owns 113,140 shares in the company, valued at $2,560,358.20. This represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stuart Huizinga sold 2,980 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $23.00, for a total transaction of $68,540.00. Following the completion of the sale, the director now owns 171,923 shares of the company's stock, valued at $3,954,229. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,000 shares of company stock worth $910,374. Company insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On QuinStreet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its holdings in QuinStreet by 880.3% in the third quarter. US Bancorp DE now owns 1,392 shares of the technology company's stock valued at $27,000 after buying an additional 1,250 shares during the period. Quantbot Technologies LP acquired a new position in shares of QuinStreet in the 3rd quarter valued at $29,000. Quarry LP boosted its position in shares of QuinStreet by 11,330.0% in the 2nd quarter. Quarry LP now owns 2,286 shares of the technology company's stock worth $38,000 after purchasing an additional 2,266 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of QuinStreet during the second quarter worth $175,000. Finally, Centiva Capital LP bought a new stake in QuinStreet in the third quarter valued at about $244,000. 97.83% of the stock is owned by institutional investors and hedge funds.

About QuinStreet

QuinStreet, Inc, an online performance marketing company, provides customer acquisition services for its clients in the United States and internationally. The company offers online marketing services, such as qualified clicks, leads, calls, applications, and customers through its websites or third-party publishers.